thanks - do you mean certain expenses that increase basis (new roof, new bathroom, etc.)? There has been virtually no investment into the home and said they never kept receipts for anything. The house is over 100 yrs old and in need of significant work. And since home was bought in wife's name and husband was never added, not eligible for his half step-up basis.
I have read this publication and the basis section several times, am I missing something she might be eligible for to increase/step-up her basis? Capital improvements and deceased spouse step-up are the only 2 I can think of that would apply but looks like she can't use either.
Thank you!
